Trump Again Attacks Federal Reserve Over 'Destructive' Actions
- 5 years ago
President Trump again attacked the Federal Reserve on Thursday over interest rates.
President Trump has resumed his attacks on the Federal Reserve over its "destructive" actions.
"Despite the unnecessary and destructive actions taken by the Fed, the Economy is looking very strong, the China and USMCA deals are moving along nicely, there is little or no Inflation, and USA optimism is very high!" Trump wrote in a Thursday tweet. Trump has been at odds with the Federal Reserve over hikes in interest rates in the past months.
However, the trend appears to be changing, as Politico notes the Fed has recently "lowered its forecast for growth in 2019 to 2.1 percent, citing trade tensions and slowing global growth...It announced last week it would most likely not increase interest rates this year." Larry Kudlow, the White House chief economic adviser, has called for an immediate rate decrease.
President Trump has resumed his attacks on the Federal Reserve over its "destructive" actions.
"Despite the unnecessary and destructive actions taken by the Fed, the Economy is looking very strong, the China and USMCA deals are moving along nicely, there is little or no Inflation, and USA optimism is very high!" Trump wrote in a Thursday tweet. Trump has been at odds with the Federal Reserve over hikes in interest rates in the past months.
However, the trend appears to be changing, as Politico notes the Fed has recently "lowered its forecast for growth in 2019 to 2.1 percent, citing trade tensions and slowing global growth...It announced last week it would most likely not increase interest rates this year." Larry Kudlow, the White House chief economic adviser, has called for an immediate rate decrease.